$2.6 Million Owed On Weatherwood Bond

Members of the Carbon County Convalescent Home Building Authority reported yesterday that $2.6 million is still owed on the bond issue used to build Weatherwood, the county nursing home in Weatherly.

The tax-free bonds pay investors 6.25 percent and will be paid off by 2002, according to an annual audit received yesterday from Benjamin Matteo, certified public accountant of Palmer & Co. in Hazleton.

The 200-bed county nursing home was built in 1971 for $6.37 million.

The five-member authority was formed as the financing agency for construction of Weatherwood and has supervised the administration of the bond issue.

The board meets annually. In addition to accepting the financial report yesterday from Matteo, it elected the same officers for 1993, as follows:

Carl Christman of the Lehighton area, chairman; Earl Haydt of Palmerton, vice chairman; Stanley Maholick of Summit Hill, secretary-treasurer. Other members of the panel are Alfred Baldwin of Lansford and John Kuchar of Weatherly.

The authority members also voted to reappoint Matteo as auditor for a year and Roger Nanovic II of Jim Thorpe as solicitor.